Establishing a link between risk tolerance, investor personality and behavioural finance in South Africa

References

• Abreu, M. (2014). Individual investors‘ behavioural biases. Teaching economics working papers. ISSN No 2182-1.
   Google Scholar
• APT Wealth Partners. (2014). Investment risk profiles. Retrieved from http:///www.aptwealth.com.au/wp-content/uploads/2013/08/Investment-risk-profiles1.pdf
   Google Scholar
• Barberis, N., & Thaler, M. (2002). Mental accounting, loss aversion, and individual stock returns. The Journal of Finance, 56(4), 1247–1292. doi:10.1111/0022-1082.00367
   Web of Science ®Google Scholar
• Blais, A., & Weber, E. U. (2006). A domain-specific risk-taking (DOSPERT) scale for adult populations. Judgment and Decision Making, 1(1), 33–47.
   Web of Science ®Google Scholar
• Bourse securities. (2016). Bourse weekly review: Making the most with your US dollars. Retrieved from https://bourseinvestment.com/bourse-weekly-review-making-us-dollars/
   Google Scholar
• Clark, L. A., & Watson, D. (1995). Constructing validity: Basic issues in objective scale development. Psychological Assessment, 7(3), 309–319. doi:10.1037/1040-3590.7.3.309
   Web of Science ®Google Scholar
• Corter, J. E., & Chen, Y. (2006). Do investment risk tolerance attitudes predict portfolio risk? Journal of Business & Psychology, 20(3), 369–381. doi:10.1007/s10869-005-9010-5
   Web of Science ®Google Scholar
• Dow, C. G. (1998). Growth versus value investing. Falmouth: Dow Publishing.
   Google Scholar
• Fahkry, B. (2016). A literature review on behavioural finance. Journal of Economics Library, 3(3), 458–465.
   Google Scholar
• Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The Journal of Finance, 25(2), 383–417. doi:10.2307/2325486
   Web of Science ®Google Scholar
• Gilliam, J., Chatterjee, S., & Grable, J. E. (2010). Measuring the perception of financial risk tolerance: A tale of two measures. Journal of Financial Counselling and Planning, 21(2), 30-43.
   Google Scholar
• Haugen, R. A. (2001). Modern investment theory (5th ed.). USA: Prentice Hall.
   Google Scholar
• Holton, G. A. (2004). Defining risk. Financial Analysts Journal, 60(6), 19–25. doi:10.2469/faj.v60.n6.2669
   Web of Science ®Google Scholar
• Jagongo, A., & Mutswenje, V. S. (2014). A survey of the factors influencing investment decisions: The case of individual investors at the NSE. International Journal of Humanities and Social Science, 4(4), 92–102.
   Google Scholar
• Joo, B. A., & Durri, K. (2015). Comprehensive review of literature on behavioural finance. Indian Journal of Commerce & Management Studies, 6(2), 11–19.
   Google Scholar
• Joshi, A., Kale, S., Chandel, S., & Pal, D. K. (2015). Likert scale: Explored and explained. British Journal of Applied Science and Technology, 7(4), 396–403. doi:10.9734/BJAST/2015/14975
   Google Scholar
• Kannadhasan, M. (2009). Role of behavioural finance in investment decisions. Retrieved from http://dl4a.org/uploads/pdf/52.pdf
   Google Scholar
• Kaplanski, G., Levy, H., Veld, C., & Veld-Merkoulava, Y. (2015). Do happy people make optimistic investors? Journal of Financial and Quantitative Analysis, 50(2), 145–168. doi:10.1017/S0022109014000416
   Web of Science ®Google Scholar
• Keim, D. B. (2006). Financial market anomalies. Retrieved from http://finance.wharton.upenn.edu/~keim/research/NewPalgraveAnomalies%28May302006%29.pdf
   Google Scholar
• Kumar, R. (2005). Research methodology: A step-by-step guide for beginners (2nd ed.). London: SAGE.
   Google Scholar
• Kumari, N., & Sar, A. K. (2017). Recent developments and review in behavioural finance. International Journal of Applied Business and Economic Research, 15(19), 235–250.
   Google Scholar
• La Blanc, G., & Rachlinski, J. J. (2005). In praise of investor irrationality. Retrieved from http://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=1020&context=lsrp_papers
   Google Scholar
• Lake, R. (2017). Dangers of being an overconfident investor. https://money.usnews.com/investing/articles/2017-06-13/the-dangers-of-being-an-overconfident-investor Date of access: 12 October 2017
   Google Scholar
• Lim, K. (2011). The evolution of stock market efficiency over time: A survey of the empirical literature. Journal of Economic Questionnaires, 25(1), 96–108.
   Web of Science ®Google Scholar
• Lintner, G. (1988). Behavioural finance: Why investors make bad decisions. The Planner, 13(1), 1–7.
   Google Scholar
• Lucarelli, C., & Brighetti, G. (2011). Risk tolerance in financial decision making. UK: Palgarave Macmillan.
   Google Scholar
• Mak, M. K. Y., & Ip, W. H. (2017). An exploratory study of investment behaviour of investors. International Journal of Engineering Business Management, 9(1), 1–12. doi:10.1177/1847979017711520
   Google Scholar
• Malhotra, N. K. (2010). Marketing research: An applied orientation (6th ed.). New Jersey: Pearson Education Limited.
   Google Scholar
• Neuman, W. L. (2014). Social research methods: Qualitative and quantitative approaches (7th ed.). Boston: Pearson Education.
   Google Scholar
• Oehler, A., Wendt, S., Wedlich, F., & Horn, M. (2018). Investors’ personality influences investment decisions: Experimental evidence on extraversion and neuroticism. Journal of Behavioural Finance, 19(1), 30–48. doi:10.1080/15427560.2017.1366495
   Web of Science ®Google Scholar
• Pompian, M. M. (2016). Risk profiling through a behavioural finance lens. Virginia, Charlottesville: CFA Institute Research Foundations.
   Google Scholar
• Quiggin, J. (1994). Regret theory with general choice sets. Journal of Risk and Uncertainty, 8(2), 153–165. doi:10.1007/BF01065370
   Web of Science ®Google Scholar
• Schwert, G. W. (2003). Anomalies and market efficiency. Handbook of Economics and Finance, 1(2), 939–974.
   Google Scholar
• Singh, S. (2012). Investor irrationality and self-defeating behaviour: Insights from behavioural finance. The Journal of Global Business Management, 8(1), 116–122.
   Google Scholar
• Weber, E. U., Blais, A. R., & Betz, N. E. (2002). A domain-specific risk-attitude scale: Measuring risk perceptions and risk behaviors. Journal of Behavioral Decision Making, 15(4), 263–290. doi:10.1002/bdm.414
   Web of Science ®Google Scholar
• Zeelenberg, M., & Pieters, R. (2007). A theory of regret regulation. Journal of Consumer Psychology, 17(1), 3–18. doi:10.1207/s15327663jcp1701_3
   Web of Science ®Google Scholar